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back, keep the economy moving in the right direction. the labor market is clearly improving. frankly, many of us -- i'm sure the president as well would like to see it improving more quickly. but it's unquestionably a recovery, unquestionably moving in the right direction. should it be moving there more quickly? would we like to see that? absolutely. but no question there's positive momentum. >> economists and the cbo have given the projection of roughly 12 million jobs to be added over the next four years. this was the big talking point for mitt romney is he will create these jobs during his presidency. but this is already an established number. that this is coming on the economic path that we're already on. >> effectively, yes. and the private economists and the cb o economists in their budget estimates have put this number out there. and, yeah, the path would allow for that, although we've only recaptured 5 million jobs of the 8 million lost in the recession in the last three or four years. so we don't know what that number is actuall
back, keep the economy moving in the right direction. the labor market is clearly improving. frankly, many of us -- i'm sure the president as well would like to see it improving more quickly. but it's unquestionably a recovery, unquestionably moving in the right direction. should it be moving there more quickly? would we like to see that? absolutely. but no question there's positive momentum. >> economists and the cbo have given the projection of roughly 12 million jobs to be added over...
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between 1950 and 1970, the economy grew at a rate of 3.9%. and this, when the average top marginal tax rate was 84.9%. now, compare this with the period from 1987 to the year 2010, when the average tax rate was just 36.4%. the economy grew at a far less robust rate of just 2.9%. we keep being told that mr. romney's been rehearsing his zingers. but let's hope that he's not going to use that line from president clinton, it's the economy, stupid, because the easiest response to that is, we know who's stupid when it comes to the economy. thanks so much for watching. thank you to the university of denver for hosting us. and to all of you watching at home. my colleague, chris mathews is also here in denver. he picks things up with "hardball." two years ago, the people of bp made a commitment to the gulf. and every day since, we've worked hard to keep it. bp has paid over twenty-three billion dollars to help people and businesses who were affected, and to cover cleanup costs. today, the beaches and gulf are open for everyone to enjoy -- and many are
between 1950 and 1970, the economy grew at a rate of 3.9%. and this, when the average top marginal tax rate was 84.9%. now, compare this with the period from 1987 to the year 2010, when the average tax rate was just 36.4%. the economy grew at a far less robust rate of just 2.9%. we keep being told that mr. romney's been rehearsing his zingers. but let's hope that he's not going to use that line from president clinton, it's the economy, stupid, because the easiest response to that is, we know...
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we can have a dynamic progrowth economy that fosters independence and opportunity verses a stagnant economy that fosters dependency. >> paul ryan is stomping in iowa today before flying to virginia tonight. the wisconsin congressman is set to debate vice president joe biden next thursday in kentucky. >>> president obama has announced plans to visit kern county the monument of cesar chavez will be in keen where he lived. the president says the national monument would preserve chavez's legacy of giving a voice to workers. this trip will include another fund-raiser. >>> a father and son credit a working smoke alarm for helping them escape their burning home. vallejo fire crews say it looks like the fire started in the garage of the large three-story home on el camino real. the first -- it's a story by first brow -- brought you live. it erupted around 3:00 as the father and son were inside sleeping. >> two occupants were inside. the device got their attention and then about able to get -- and they were able to get out unharmed. >> firefighters were putting out hot spots and called out extra cre
we can have a dynamic progrowth economy that fosters independence and opportunity verses a stagnant economy that fosters dependency. >> paul ryan is stomping in iowa today before flying to virginia tonight. the wisconsin congressman is set to debate vice president joe biden next thursday in kentucky. >>> president obama has announced plans to visit kern county the monument of cesar chavez will be in keen where he lived. the president says the national monument would preserve...
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the economy, the whole system on twas vergef collapse thstocmarket was dow 6,000s. d ama made two decisions. one was to prop the thinup and keep it go alliance with other countries around the world and literally saved the fortunes but he made a second decision. there were progrves who t we sh more questions abo hget into th ple and president obama didn't gore because his advisers we worried if you push the system too hard, it might collap. d so here are folks whose founes were saved in significant part by the s polic are complaing because he you to. very strange. >> these guys got exactly wh th.need leadershiot criticism. until th scenario chans, i think the unit states is, quote, unquote, and i hate to use this word, in a malaise. >> what the hell is talking about? he's being criticized and president obama hasn't provided leadership. your thougs on this. of in that piece, she tes th 93 gains in the recovery of 210, % we009/20 to the top 1%. isn't that encragement enough? and what about encouragement to they couldt e a little buing up? itery weird to hav ri people f
the economy, the whole system on twas vergef collapse thstocmarket was dow 6,000s. d ama made two decisions. one was to prop the thinup and keep it go alliance with other countries around the world and literally saved the fortunes but he made a second decision. there were progrves who t we sh more questions abo hget into th ple and president obama didn't gore because his advisers we worried if you push the system too hard, it might collap. d so here are folks whose founes were saved in...
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i think he needs to take it head on and talk about the economy. the jobs we have not created ore the last four years. take it right to barack obama and try to turn this question into an offensive against barack obama's economy over the last four years. i think that's the best chance he's got. i think he needs to be careful of sometimes with the question everybody nows you're going to get, you kind of practice it and practice it and instead of it being a heartfelt question, it becomes a robotic response. >> maybe you get a little preview of it because the romney campaign released it directly looking into the campaign video. let me play a little clip of that. >> more americans live in poverty than when president obama took office. we should measure our compassion by how many of our fellow americans are able to get good paying jobs. not by how many are on welfare. >> governor rendell, we've kind of gotten this prevau that they plan to emphasize different numbers. numbers about the economy they think will make americans think twice about whether the p
i think he needs to take it head on and talk about the economy. the jobs we have not created ore the last four years. take it right to barack obama and try to turn this question into an offensive against barack obama's economy over the last four years. i think that's the best chance he's got. i think he needs to be careful of sometimes with the question everybody nows you're going to get, you kind of practice it and practice it and instead of it being a heartfelt question, it becomes a robotic...
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just go right back to the economy. throw numbers out there. just stay on this. >> andrea: going tough and hard. but he can't go too hard and too tough, then the media says he's angry, now he's an angry rich man. >> bob: come up with the numbers you talk about. obama has to defend numbers but so does romney. >> eric: what number does he have to defend? >> bob: how he will cut taxes and balance the budget? >> dana: he has a good answer. obama has a tougher time explaining how in 2008, he ran on one thing regarding taxes. in 2010 he changed his mind to protect his tail. then now his whole plan is against what he said in 2010, is worst thing to do for the country. >> bob: that debate has been out there and argued over and over for four years. the question is how romney says he will, not going to lose money cutting taxes because he is going to take away loopholes. he refuses to answer one question about the loophole. obama will push him. he should. >> greg: mitt has to say why did you cancel pipeline with 8.2% unemployment? >> bob: i'll answer if t
just go right back to the economy. throw numbers out there. just stay on this. >> andrea: going tough and hard. but he can't go too hard and too tough, then the media says he's angry, now he's an angry rich man. >> bob: come up with the numbers you talk about. obama has to defend numbers but so does romney. >> eric: what number does he have to defend? >> bob: how he will cut taxes and balance the budget? >> dana: he has a good answer. obama has a tougher time...
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the economy right now? is there too much? mr. president, should there be more? this is not in -- this is a two- minute segment to start. >> regulation is essential. you cannot have a free market work if you do not have regulation. i need to know the regulations. you cannot have people opening of things in their garage and making loans. you have to have regulations for an economy to work. regulation can become excessive. >> is it excessive now? where? >> in some places. with some of the legislation passed during the president's term, it has become excessive. it has hurt the economy. for example, dr. frank -- dod rank -- dod -frank dissipates banks too big to fail. this is an enormous boon for new york banks. there have been 122 community and small banks have close since dodd-frank. >> you want to repeal dodd- frank? >> i would repel and replace it. there are some parts that make all of t sense in the world. in a transparency, the average once -- leverage lemons. --limits. >> of us to let him respond to this
the economy right now? is there too much? mr. president, should there be more? this is not in -- this is a two- minute segment to start. >> regulation is essential. you cannot have a free market work if you do not have regulation. i need to know the regulations. you cannot have people opening of things in their garage and making loans. you have to have regulations for an economy to work. regulation can become excessive. >> is it excessive now? where? >> in some places. with...
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care, one segment on the role of economy. no question on vintage youtube clips which is a total bummer to those on the right hoping for more of this. it is teed up to be a debate about big ideas. is mitt romney going to deliver? >> i am sure that part of the reason this video is out there, just the day before, is to give romney the opportunity to, perhaps, reference it when you talk about the role of government, when you talk about the economy, he's got some phrases he likes to use about more people being on welfare and all of that, so i would imagine we'll hear some of that. i actually disagree with something mark said. i think this was very much a play for the base. even our nbc news poll, 23% of people said, that 47% comment made them like mitt romney better. so there are people out there who agree with those comments. >> aren't they locked up already? that's a question -- >> no. because remember we've also seen reuters has had the polling and a lot of polling that show some low-income southern whites are thinking he's too
care, one segment on the role of economy. no question on vintage youtube clips which is a total bummer to those on the right hoping for more of this. it is teed up to be a debate about big ideas. is mitt romney going to deliver? >> i am sure that part of the reason this video is out there, just the day before, is to give romney the opportunity to, perhaps, reference it when you talk about the role of government, when you talk about the economy, he's got some phrases he likes to use about...
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the first is domestic matters and the economy. at this time tomorrow night, it will all be over left to the pun dants and the voters. >> home of the pioneers, the university of denver plays home to sparring contenders of the political kind. final touches were put on the debate today where in less than 24 hours, potential gaps and zingers could fly. president obama took a break and visited the hoover dam. mitt romney took time out for a buritto bowl. and romney may have gotten zinger help from an unlikely ally today. vice president joe biden campaigning in north carolina. >> how they can justify raising taxes in the middle class has been buried the last four years. how in lord's name can they justify it? >> reporter: republicans pounced. >> we agreed. we need to elect mitt romney the next president of the united states. >> reporter: in person absentee voting is already under way. early voeting going only in other states. both sides know tomorrow's debate could be the last one some voters see. >> i think it's an opportunity for gove
the first is domestic matters and the economy. at this time tomorrow night, it will all be over left to the pun dants and the voters. >> home of the pioneers, the university of denver plays home to sparring contenders of the political kind. final touches were put on the debate today where in less than 24 hours, potential gaps and zingers could fly. president obama took a break and visited the hoover dam. mitt romney took time out for a buritto bowl. and romney may have gotten zinger help...
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you should not raise taxes when the economy is in trouble. our economy is in more trouble today. the growth rate last week was a pathetic at 1. 2%. >> very much for your time tonight. >> thank you. >> we finally get to the issue that rich people need the money because they create the jobs. i want to bring in ed and al and steve and chris back into this discussion. i want to bring back chris matthews in denver in terms of hearing the republican spin on this. seeing what seems to be real democratic frustration on this. we're hearing already in terms of the different responses. the romney side is proclaiming victory. the obama campaign does not seem to be doing that. chris? >> when you read "the new york times" tomorrow, you'll see a side bar, strong night for romney. i think it's an objective -- it may be theater, but this is a major campaign event of the entire cycle. maybe the major campaign event treated as a lesson in information or education. it was a campaign event and both sides went at it to win and one side won. i go back to a couple of points. romney was able to get away
you should not raise taxes when the economy is in trouble. our economy is in more trouble today. the growth rate last week was a pathetic at 1. 2%. >> very much for your time tonight. >> thank you. >> we finally get to the issue that rich people need the money because they create the jobs. i want to bring in ed and al and steve and chris back into this discussion. i want to bring back chris matthews in denver in terms of hearing the republican spin on this. seeing what seems...
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the total cost to the economy $1.7 trillion. but guess what? it is $250,000 a year in additional tax cuts to those same 120,000 families and anybody that makes more than $1 million. ladies and gentlemen, all this has a cost. there is something called the tax policy center made up of experts. they did an analysis if they did all of these tax proposals. they point out that if romney ryan were elected, it would increase taxes by middle-class families by $2,000 a year. ladies and gentlemen, we have seen this movie before. we have seen this movie before. massive tax cuts for the very wealthy, letting wall street and big banks writing their own rules again. we know how it ended. it ended in a catastrophe for the middle class. ladies and gentlemen, i am telling you today, we will not go back to that. [cheers and applause] we can't go back to that policy. america can't afford to go back to that policy! ladies and gentlemen, the president and i have a different way forward. let me tell you what our plan is. in addition, we have created over five million
the total cost to the economy $1.7 trillion. but guess what? it is $250,000 a year in additional tax cuts to those same 120,000 families and anybody that makes more than $1 million. ladies and gentlemen, all this has a cost. there is something called the tax policy center made up of experts. they did an analysis if they did all of these tax proposals. they point out that if romney ryan were elected, it would increase taxes by middle-class families by $2,000 a year. ladies and gentlemen, we have...
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every free economy has good regulations. at the same time, it could be become excessive. >> is it engs cessive now? >> in some places. and out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd frank passed and includes within it a number of provisions that i think has a number of consequences. banks too big to fail. this is the billinge ebiggest k york banks i have ever seen. 122 community and small banks have closed since dodd-frank. there is one example. >> you want to repeal dodd-frank? >> repeal and replace it. we're not getting rid of all regulation. there are some parts of dodd-frank that make all the sense in the world. you need transparency, you need to have leverage limits for -- >> here is the specific -- >> excuse me. >> let's talk about the big one. >> no, let's not. let's let him respond, let's let him respond to dodd frank and what the governor said. >> i think this is a great example, the reason
every free economy has good regulations. at the same time, it could be become excessive. >> is it engs cessive now? >> in some places. and out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd frank passed and includes within it a number of provisions that i think has a number of consequences. banks too big to fail. this is the billinge ebiggest k york banks i have...
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it's no day to talk down the economy to score political points. but shadowing the president in virginia, mitt romney waited nine minutes deep into his scintillating stump speech before even mentioning the big news of the day, delivering it like a speech at a funeral. >> there were fewer new jobs created this month than last month, and the unemployment rate, as you know, to this year has come down very, very slowly. of course, even those that have jobs are having tough times. >> okay. but give mr. romney credit because he actually admits the unemployment rate did come down. unlike prominent conservative jack welch who tweeted this morning, unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numbers. okay. tuesday he was a ruthless race baiter. yesterday he was a feckless delivery boy. today he's don corleone, and there's more where that came from. congressman west, take it away. >> you are alleging specifically that the president is engaging in a cover-up of the data. you are saying that the administration is act
it's no day to talk down the economy to score political points. but shadowing the president in virginia, mitt romney waited nine minutes deep into his scintillating stump speech before even mentioning the big news of the day, delivering it like a speech at a funeral. >> there were fewer new jobs created this month than last month, and the unemployment rate, as you know, to this year has come down very, very slowly. of course, even those that have jobs are having tough times. >>...
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that suggests a weakening economy. we got a 3.36% rate on 30 year fixed rate mortgages at an all-time low. maybe that suggests a lot of money printing by the fed and a weak economy. i don't have another explanation why the dow is up 95 except that. lousy factory orders means ben bernanke will print bigger. >> no bad news out of europe. everyone is focused on europe and not what is going on in the economy domestically. a lot of schizophrenic information. great manufacturing numbers early in the weekend bad numbers today. can't make sense of that. stuart: i won't say it was a romney rally. >> if you did i would back you up. stuart: wait a second. let's be serious. we are five weeks from the election. we have had one debate and a result that favors romney. can you really say the dow up 1900 points is a result of romney's win? >> i think it gives it some additional momentum. it gives a little bit of a boost because romney is the choice of wall street. he is good for the market and good for the economy. the people who work
that suggests a weakening economy. we got a 3.36% rate on 30 year fixed rate mortgages at an all-time low. maybe that suggests a lot of money printing by the fed and a weak economy. i don't have another explanation why the dow is up 95 except that. lousy factory orders means ben bernanke will print bigger. >> no bad news out of europe. everyone is focused on europe and not what is going on in the economy domestically. a lot of schizophrenic information. great manufacturing numbers early...
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the economy is struggling to get on its feet. why would you have congressman alan west and others say that the books are cooked when you could secertainly just point to the fact of the economy and the recovery is going slowly? why then put in this conspiracy somehow that the books were cooked? if the obama administration cooked the books, certainly the bush administration would have done so in those terrible years when the economy turned, or if someone in the administration has that kind of power. >> yeah. i actually agree 100% with mr. harwood and with tony whose tweet you quoted. you don't have to attack the integrity of the number to attack the substance of the numbers. 114,000 new jobs is nothing to celebrate. it takes 150,000 new jobs every month to absorb new work into the work force. we have 3.4 college graduates this year that need to find jobs and need 150,000 jobs to stosh them and the other people entering the work force. back in 2004 barack obama attacked president bush for a jobs report where 300,000 jobs were create
the economy is struggling to get on its feet. why would you have congressman alan west and others say that the books are cooked when you could secertainly just point to the fact of the economy and the recovery is going slowly? why then put in this conspiracy somehow that the books were cooked? if the obama administration cooked the books, certainly the bush administration would have done so in those terrible years when the economy turned, or if someone in the administration has that kind of...
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they've tried to hang onto the economy and foreign policy. they don't -- they're not able to hang onto anything except, of course, for this stereotype that he keeps reinforcing as the rich, out of touch guy. i think going into the debate, like that's his biggest hurdle is to not say anything else that really grounds that stereotype and grounds that image that the american people have for him. >> so no mention of the 47%? anna marie cog and jonathan capehart, thank you, both. >>> next, do the math, mr. ryan. please, just do the math. stay with us. >> lowering tax rates by broadening the tax base works, and you can -- >> but i have to -- >> let me -- >> you haven't given me the math. >> well, i don't have the time -- it would take me too lock to go through all of the math. that was me still taking insulin with a vial and syringe. me, explaining what i was doing at breakfast. and me discovering novolog mix 70/30 flexpen. flexpen is pre-filled with your pre-mix insulin. dial the exact dose. inject by pushing a button. no vials, syringes or cooler
they've tried to hang onto the economy and foreign policy. they don't -- they're not able to hang onto anything except, of course, for this stereotype that he keeps reinforcing as the rich, out of touch guy. i think going into the debate, like that's his biggest hurdle is to not say anything else that really grounds that stereotype and grounds that image that the american people have for him. >> so no mention of the 47%? anna marie cog and jonathan capehart, thank you, both. >>>...
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hurting the iranian economy. our purpose with that set of sanctions and an additional set of sanctions i coauthored is to create an economic news on the iranian regime to deter them from seeking nuclear weapons. ability the sanctions have time and prime minister netanyahu suggested it's sometime next year. if the sanctions don't cripple the iranian economy, i think question deter them. if not all options have to be on the table to pursue the national secure interest of the united states. >> that all sounds fine. unfortunately, it doesn't appear that the sanctions are working. too little too late. and it's a very fearful time time for our country, and for the world at large. and so i know that as a member of the senate, i'm going to do everything humanly possible through my vote, through advocacy, and in every other way to make sure that iran never, never gets a nuclear weapon. this is the greatest threat to our country, and to the world. and i just hope that folks watching understand what is at stake. you mention
hurting the iranian economy. our purpose with that set of sanctions and an additional set of sanctions i coauthored is to create an economic news on the iranian regime to deter them from seeking nuclear weapons. ability the sanctions have time and prime minister netanyahu suggested it's sometime next year. if the sanctions don't cripple the iranian economy, i think question deter them. if not all options have to be on the table to pursue the national secure interest of the united states....
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they are doing just fine in this economy. the people having a hard time right now are middle income americans. they have been buried. they are just being crushed. middle income americans have seen their income come down by $4,300. this is a tax in and of itself i'll call it the economy tax. it has been crushing. at the same time gasoline prices have doubled under the president, electric rates are up food prices are up health care costs have gone up by $2,500 a family. middle income families are being crushed. and the question is how to get them going again, and i described it energy trade, the right kind of training programs balancing our budget, and helping small business. but the president mentioned a couple of other ideas. first education. i agree. education is key. but our training programs right now, we have 47 of them housed in the federal government reporting to eight different agencies, we have got to get those dollars back to the states and go to the workers so they can create their own pathways to get in the trainin
they are doing just fine in this economy. the people having a hard time right now are middle income americans. they have been buried. they are just being crushed. middle income americans have seen their income come down by $4,300. this is a tax in and of itself i'll call it the economy tax. it has been crushing. at the same time gasoline prices have doubled under the president, electric rates are up food prices are up health care costs have gone up by $2,500 a family. middle income families are...
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he's upset. [ male announcer ] spend less time at gas stations with best in class fuel economy. it's our most innovative altima ever. ♪ check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. >>> i couldn't believe the other day when the president's opponents said that the 47% of the american people who don't pay income tax, just want to hang around and be dependent on the government, you know, we just had to ween them off of that because they didn't want to pay income tax. now, a guy with a tax account in the cayman islands is attacking other people for not wanting to -- i mean, you got to give him credit. >> bill clinton, back in new hampshire today, for the president. meanwhile, mitt romney is narrowing president obama's lead in our latest nbc news/"wall street journal" national poll but the battleground states show he has a difficult path to 270. tonight is his biggest chance to change the momentum of the campaign. what is his ga
he's upset. [ male announcer ] spend less time at gas stations with best in class fuel economy. it's our most innovative altima ever. ♪ check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. >>> i couldn't believe the other day when the president's opponents said that the 47% of the american people who don't pay income tax, just want to...
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that basically make his case for what he's doing with the economy. sure he says nice things about teachers and some other stuff. infrastructure in a vague way but there was no boom, boom, boom. romney had that five-point plan to start with. it was effective. and then another five points. >> the preparation wasn't good enough. it wasn't that they didn't practice enough they didn't have a strategy for the debate. >> and they needed to execute -- >> all three of you one at a time. what do you think romney went in there to do tonight? what was his plan? >> his plan was to seem more moderate. to seem more specific. remember, he knew he'd be under attack for not being specific enough. and be being kind of wonky, he kind of blunted that attack of the president. and he also needed to seem confident and presidential and he achieved that. obama did not achieve his objectives. >> what was romney's plan. >> i saw a human side. for the first time i saw a human side. he came out of the gate, i knew this woman. this is her story. we haven't seen this. >> for a guy
that basically make his case for what he's doing with the economy. sure he says nice things about teachers and some other stuff. infrastructure in a vague way but there was no boom, boom, boom. romney had that five-point plan to start with. it was effective. and then another five points. >> the preparation wasn't good enough. it wasn't that they didn't practice enough they didn't have a strategy for the debate. >> and they needed to execute -- >> all three of you one at a...
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the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made the statement. if you believe the same thing, you don't want to raise taxes on people. and the reality is, it's not just wealthy people, not just donald trump are you taxing. it's all the businesses that employ one quarter of the workers in america, that are taxes as individuals. you raise taxes and you kill jobs. that's why the national federation of independent businesses say your plan will kill 700,000 jobs. i don't want to kill jobs in this environment. i want to make one more point. >> let him answer the tax thing for a moment. >> okay. >> mr. president. >> well, we've had this discussion before. >> well, in order -- about the idea to reduce the deficit, there has to be revenue in addition to cuts. >> there has to be revenue in addition to cuts. >> mr. romney has rule out revenue. >> look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and balanc
the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made the statement. if you believe the same thing, you don't want to raise taxes on people. and the reality is, it's not just wealthy people, not just donald trump are you taxing. it's all the businesses that employ one quarter of the workers in america, that are taxes as individuals. you raise taxes and you kill jobs. that's why the national federation of independent businesses say your plan...
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they think the economy's starting to get better. on the right track, wrong track numbers it's getting a little bit better. i think this just confirms a growing sense that we're moving forward. we're getting there. it's been a tough slog. we went from an economy that was losing nearly 800,000 jobs a month when president obama took office to a place now where the economy has created 5.2 million new jobs. so we're getting there. we're not there yet but we're getting there. >> john, mitt romney yesterday amid all the ecstasy about his debate performance took time on fox to say that he was now very sorry for saying what he said about the 47%. was that a smart political move in a moment of everyone feeling good about you to just bury that away? >> i think the timing was right that he said that, but i do hope he doesn't move away from what the bigger argument that he was trying to make, is that there are two choices in america today. are we going to become a country very, very dependent on big government that says give me all your money, g
they think the economy's starting to get better. on the right track, wrong track numbers it's getting a little bit better. i think this just confirms a growing sense that we're moving forward. we're getting there. it's been a tough slog. we went from an economy that was losing nearly 800,000 jobs a month when president obama took office to a place now where the economy has created 5.2 million new jobs. so we're getting there. we're not there yet but we're getting there. >> john, mitt...
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how is the economy doing? joined by alison kosik, new york stock exchange, to talk a little bit about this. alison, the candidates will be pressing each other on the whole issue of jobs. what does the picture look like for jobs? >> you know, with jobs, it is improving slowly, but the reality is it is just not great. we got another little sliver of information today from adp, it said private sector employment gained by 162,000 jobs in september, but this is just a clue of what to expect on friday from the government jobs report. that's really the biggie, the report that counts. it factors in the private sector jobs, it counts government jobs which actually have been shrinking and the expectation is that the economy added 110,000 jobs in september. and, you know, that would be just be okay, because the reality is we have got a long way to go. in early 2009, the economy lost over 800,000 jobs a month. this by the way is the year that president obama took office. compared to that, 110,000 on friday would be good.
how is the economy doing? joined by alison kosik, new york stock exchange, to talk a little bit about this. alison, the candidates will be pressing each other on the whole issue of jobs. what does the picture look like for jobs? >> you know, with jobs, it is improving slowly, but the reality is it is just not great. we got another little sliver of information today from adp, it said private sector employment gained by 162,000 jobs in september, but this is just a clue of what to expect on...
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than the rest by this softer economy. and so i would do what governor romney has been doing and that is continue to address the base issues. this is an election that has to look at how well we have done over the last four years. president obama was elected with this hope and this vision for change. and we have seen change actually for the worst. i think it is very fair to look at his record and say here is what he said four years ago and here is what he hasn't accomplished. so obviously a lot of tonight is going to be about president obama's record, just since four years ago president obama was looking back at the record of those he wanted to replace. >>ormer republican governor out here. thanks for coming on this. >>> the monthly private payrolls report is out today. markets are just opening. let's get to the market run down. becky quick is here on the other side of the camera. >> i like this. >> private payroll, adp. mid 100s. does it tell us anything? >> 162 is better than the street has been expecting. adp does payrol
than the rest by this softer economy. and so i would do what governor romney has been doing and that is continue to address the base issues. this is an election that has to look at how well we have done over the last four years. president obama was elected with this hope and this vision for change. and we have seen change actually for the worst. i think it is very fair to look at his record and say here is what he said four years ago and here is what he hasn't accomplished. so obviously a lot...
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the economy, the whole system was on the verge of collapse. the stock market was down in the 6,000s. and obama made two decisions. one was to prop the thing up and keep it going in alliance with other countries around the world and literally saved the fortunes of a lot of these people. but he made a second decision. there were progressives who thought we should have asked more questions about how did we get into this mess in the first place and president obama didn't go there because his advisers were worried if you push the system too hard, it might collapse. and so here are folks whose fortunes were saved in significant part by the president's policies and they are complaining because he doesn't say thank you to them. it's very strange. >> these guys got exactly what they wanted and just won't admit it. let's play more sound from sam zell. >> we need leadership, not criticism. until that scenario changes, i think the united states is, quote, unquote, and i hate to use this word, in a malaise. >> what the hell is he talking about? he's being
the economy, the whole system was on the verge of collapse. the stock market was down in the 6,000s. and obama made two decisions. one was to prop the thing up and keep it going in alliance with other countries around the world and literally saved the fortunes of a lot of these people. but he made a second decision. there were progressives who thought we should have asked more questions about how did we get into this mess in the first place and president obama didn't go there because his...
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in the economy. i never met the poorest performer, either. it is about presenting -- the poorest farmer, either. let me talk about mistakes. i have made mistakes. before i got elected, i said my daughters are available on national tv. that was a pretty big mistake. i am still paying for that one. the difference between i make a mistake, i corrected. i immediately corrected. professor warren, when she made a mistake and misled the voters of massachusetts, it is not that she did not hear the question. this went on for five weeks of the media asking her specifically how they came to know that she was a native american. >> he always ask you professor warren. you think he is trying to cast you as an elitist professor in the eyes of the voters? does that bother you? >> it does not bother me. i worked very hard for this and it does not bother me. >> the boston globe reported she is proud of being a professor. whenever i see my professors from school, i say hello professor so-and-so. she has earned the title
in the economy. i never met the poorest performer, either. it is about presenting -- the poorest farmer, either. let me talk about mistakes. i have made mistakes. before i got elected, i said my daughters are available on national tv. that was a pretty big mistake. i am still paying for that one. the difference between i make a mistake, i corrected. i immediately corrected. professor warren, when she made a mistake and misled the voters of massachusetts, it is not that she did not hear the...
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up and down the economy. the question really is joe biden to normal folks, who do you trust going forward and who is going to get you out of this? you may make fun of him but he comes out as a fighter. ashley: maybe stick to take other people's speeches, referencing when he plagiarized the uk labor leader speech back in '87. >> i remember that, actually. a problem with him now, my question, talk about how hard-pressed the middle class is now, he is right to say that, usually don't you hold the incumbent accountable for the economic woes we are facing? ashley: he blamed the previous president. >> to my point, if the middle class is hurting, i think you hold the incumbent accountable. i don't believe romney has proposed raising taxes on on the middle class, he is raising reckless tax cuts. that i would support. >> the answer, the argument really is who do you trust to make them better going forward? it seems the president is winning that argument. ashley: perhaps he has been very successful in business, could b
up and down the economy. the question really is joe biden to normal folks, who do you trust going forward and who is going to get you out of this? you may make fun of him but he comes out as a fighter. ashley: maybe stick to take other people's speeches, referencing when he plagiarized the uk labor leader speech back in '87. >> i remember that, actually. a problem with him now, my question, talk about how hard-pressed the middle class is now, he is right to say that, usually don't you...
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the economy right now? is there too much? mr. president, should there be more? this is a two-minute segment to start. >> regulation is essential. you cannot have a free market work if you do not have regulation. i need to know the regulations. you cannot have people opening of things in their garage and making loans. you have to have regulations regulation can become excessive. >> is it excessive now? where? >> in some places, with some of the legislation passed during the president's term, it has become excessive. it has hurt the economy. for example, dodd-frank designates banks too big to fail. this is an enormous boom for new york banks. there have been 122 community and small banks have close since dodd-frank. >> you want to repeal dodd- frank? >> i would repel and replace it. you can i get rid of all regulation. -- you cannot get rid of all regulation. there are some parts that make all of the sense in the world. in a transparency, the average leverage limits. thist's let him respond to specific one --
the economy right now? is there too much? mr. president, should there be more? this is a two-minute segment to start. >> regulation is essential. you cannot have a free market work if you do not have regulation. i need to know the regulations. you cannot have people opening of things in their garage and making loans. you have to have regulations regulation can become excessive. >> is it excessive now? where? >> in some places, with some of the legislation passed during the...